448 7th Ave Marion, IA 52302-5727
- Commercial real estate
- 1,996 SF
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 448 7th Ave
- Year built
- 1900
- Lot size
- 0.17 lot acres
- Property size
- 1,996 SF
- Property type
- Commercial real estate
- APN
- 14-01-1-31-018-0-0000
- APU
- 140113101800000
Description
This beautifully remodeled two-story office building, located at 448 7th Avenue in Marion, IA, presents a unique investment opportunity. Situated on a 0.17-acre lot at the main entrance to Marion's historic Uptown district, this property boasts high visibility and significant foot traffic. The building features updated electrical systems both internally and externally, along with a convenient off-street rear parking lot. Accessibility is ensured through handicap-accessible design. Ideal for a boutique shop, tearoom, or centrally located offices, this turnkey property is ready for immediate occupancy. The upper level includes a remodeled apartment with its own entrance, providing additional income potential and enhancing the investment's cash flow. The building also includes valuable amenities such as an owned water softener and dehumidifier, a clean and dry basement, and a garage equipped with hot and cold running water and a drain. The flexible floor plan allows for the creation of larger rooms by opening existing walls. First-floor features include a washer/dryer hookup and two bathrooms. A new glass front door adds to the property's modern appeal. The asking price for this exceptional property is $225,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $165,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $145,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $160,000
- Mixed-Use
- $150,000
- Hospitality
- $175,000
- Educational
- $140,000
- Residential Income
- $165,000
- Energy
- $135,000
- Income-Based Land
- $135,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.6058
- Latitude
- 42.0336
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA